VC firms DST Global and Iconic are funding London and New York-based e-commerce startup Swap Commerce. startup on wednesday announced It raised a new $100 million round just six months after raising a $40 million Series B round led by Iconiq.
Founded in 2022, Swap Commerce offers an AI-powered platform that helps brands create web storefronts and handle cross-border transactions, inventory management, and returns. The platform has become popular among luxury clothing brands, and the company specifically targets companies that want to sell their goods globally. The company declined to comment on its latest valuation.
Fast, substantial funding from such prominent VCs marks Swap as a startup worth watching, although Swap faces considerable competition, including e-commerce giant Shopify.
